Why did Bitcoin fall nearly 5,000 points today?

In fact, it is reasonable for Bitcoin to fall back to 103,000, including the decision of the Federal Reserve to cut interest rates at 3 a.m. tomorrow. The price of Bitcoin has been under strong selling pressure in Asia during this period. The Federal Reserve will announce the interest rate cut tomorrow, and it fell sharply today. The basic market expectation is 25 basis points, which may bring some optimism.

Trump will officially take office on the 20th of next month. Bitcoin will definitely hit a new high. Coupled with the interest rate cut at 3 a.m. tomorrow, the three-day drop last week and today's correction are naturally understandable. Before officially taking office, there will be a correction to clean up leverage, and then break upward, because Trump's crypto-friendly policies have not yet been released. #加密市场盘整 $BTC